Sterlite Tech Subsidiary Secures USD 1.2 Billion Supply Agreement

Core Announcement – Order Details

Awarding Entity: A hyperscale partner

Domestic/International Order: International

Nature of Order/Contract:

Supply of optical connectivity products as per customer specifications through a Long-Term Supply Agreement (LTSA).

Order Value:

~USD 1.2 billion (approximately One Billion and Two Hundred Million US dollars) based on prevailing selling prices.

Materiality Context:

Not Specified

Execution Timeline:

Upto December 2030, with allocation of products to be supplied in each Calendar Year (CY) starting from CY26 to CY30.

Revenue Recognition / Billing Structure:

Purchase orders will be released periodically during the contract period. The agreement establishes a reciprocal risk-sharing framework by defining mutual, capped financial liabilities for both parties in the event of demand or supply capacity shortfalls/failures.

Key Terms & Payment Milestones:

The agreement includes a reciprocal risk-sharing framework with capped financial liabilities for both parties in case of demand or supply capacity shortfalls. Specific payment terms and milestones not disclosed.

Whether Related Party Transaction:

No

Promoter Group Involvement:

No

Financial Implication:

Not Specified